The Yokohama Rubber Company to Acquire Goodyear’s Off-the-Road (OTR) Tire Business

July 24, 2024

Goodyear Tire & Rubber has signed a definitive agreement to sell its Off-the-Road (OTR) tire business to The Yokohama Rubber Company for $905 million in cash. The deal is subject to regulatory approvals and customary closing conditions and is expected to close by early 2025, with Goodyear retaining OTR tire supply for U.S. military and defense applications via a product supply arrangement.

Buyers
The Yokohama Rubber Company
Targets
Goodyear Off-the-Road (OTR) tire business
Sellers
The Goodyear Tire & Rubber Company
Industry
Manufacturing
Location
United States
Transaction Type
Divestiture

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